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ExxonMobil and Chevron reported strong cash flow, sustaining dividends amid rising production and low costs.
ExxonMobil reported strong third-quarter 2024 cash flow driven by higher production in the U.S. and Guyana, lower operating costs, and favorable oil prices, reinforcing its ability to sustain its dividend.
The company emphasized disciplined capital allocation and investments in low-carbon technologies.
Chevron also maintained financial strength, with consistent cash flow enabling continued dividend growth, including a recent $1.71 per share payout.
Both companies reaffirmed their commitment to shareholder returns, with Exxon’s 43-year dividend increase streak and Chevron’s 38-year streak highlighting their reliability as income stocks amid market volatility.
ExxonMobil y Chevron reportaron un fuerte flujo de caja, manteniendo los dividendos en medio del aumento de la producción y los bajos costos.